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Section 188: Limitation of loss on sale.

Inheritance Tax Act 1984 · 1984 c. 51View on legislation.gov.uk

Part VI: VALUATION — CHAPTER III: SALE OF SHARES ETC. FROM DECEASED'S ESTATE

In any case where, apart from this section, the loss on sale of any investments—

in respect of which an amount has been paid in pursuance of a call as mentioned in section 182 above, or
which are sold as mentioned in section 183(5) above,

would exceed their value as determined apart from this Chapter, their sale value shall be treated for the purposes of sections 179(2) and 187 above as being of such an amount that the loss on sale would be equal to their value as so determined.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.